Alexander Forbes Group Holdings (JSE:AFH) Cash-to-Debt : 5.45 (As of Sep. 2023)

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What is Alexander Forbes Group Holdings Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Alexander Forbes Group Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 5.45.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Alexander Forbes Group Holdings could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Alexander Forbes Group Holdings's Cash-to-Debt or its related term are showing as below:

JSE:AFH' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.25 Med: 4.84 Max: 17.13
Current: 5.45

During the past 12 years, Alexander Forbes Group Holdings's highest Cash to Debt Ratio was 17.13. The lowest was 2.25. And the median was 4.84.

JSE:AFH's Cash-to-Debt is ranked worse than
50.48% of 517 companies
in the Diversified Financial Services industry
Industry Median: 5.5 vs JSE:AFH: 5.45

Alexander Forbes Group Holdings Cash-to-Debt Historical Data

The historical data trend for Alexander Forbes Group Holdings's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Alexander Forbes Group Holdings Cash-to-Debt Chart

Alexander Forbes Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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6.58

10.76

11.48

15.68

17.13

Alexander Forbes Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															4.63	15.68	4.74	17.13	5.45

Competitive Comparison of Alexander Forbes Group Holdings's Cash-to-Debt

For the Financial Conglomerates subindustry, Alexander Forbes Group Holdings's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Alexander Forbes Group Holdings's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Alexander Forbes Group Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Alexander Forbes Group Holdings's Cash-to-Debt falls into.

Alexander Forbes Group Holdings Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Alexander Forbes Group Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	9644	/	(179	+	384)
	=	17.13

Alexander Forbes Group Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3209	/	(0	+	589)
	=	5.45

Alexander Forbes Group Holdings (JSE:AFH) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Alexander Forbes Group Holdings Cash-to-Debt Related Terms

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Alexander Forbes Group Holdings (JSE:AFH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Alexander Forbes Group Holdings Ltd (JSE:AFH) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

115 West Street, Alexander Forbes, Sandown, Johannesburg, GT, ZAF, 2196

Website

https://www.alexanderforbes.co.za

Alexander Forbes Group Holdings Ltd offers integrated retirement, investment, life, and insurance solutions to customers worldwide. Alexander's business is divided into two platforms, institutional and retail. Its reported segments Investment Solutions, AF Financial Services, and AF Insurance serve clients under each of its platforms. The group's customer base is composed of retirement funds, corporations, trustees, unions, individuals, dependents, and other organizations. Products and services include consulting and advisory for a range of different situations, such as actuarial, asset and investment, and beneficiary fund. On the retail side, individuals and dependents are offered insurance, research, investment portfolios, and other services.

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